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A collection of 2291 posts

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Wizz Air Reports €567m Annual Loss Amid Pratt & Whitney Engine Groundings

Wizz Air has reported a significant annual loss of €567 million (£484 million) for the year ending in March. The deficit is primarily attributed to problems with Pratt & Whitney engines on its Airbus A320neo family aircraft. These engine issues, related to a rare powder metal defect, have forced the

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Emirates Veteran Nabil Sultan Appointed as New CEO of dnata

Nabil Sultan has been named the new Chief Executive Officer of the global air and travel services provider, dnata. He is scheduled to assume the leadership role on June 15, 2026. Sultan will be succeeding Steve Allen, who is set to retire from the company. Currently, Sultan serves as the

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Cathay Cargo Reinstates Bangkok Freighter Service After 10-Year Hiatus

Cathay Cargo has officially resumed its dedicated freighter service to Bangkok after a decade-long absence. The twice-weekly service operates from Hong Kong, utilizing a Boeing 747-8F freighter. The new route follows a Hong Kong-Bangkok-Singapore-Penang-Hong Kong schedule, enhancing connectivity within Asia. This reinstatement adds

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China-Europe Air Cargo Corridor Shows Remarkable Resilience Amid Global Market Shifts

The air cargo corridor between China and Europe is demonstrating significant strength and resilience, in stark contrast to weakening demand on other major global trade lanes. This robustness is primarily fueled by a sustained boom in e-commerce, with platforms like Shein and Temu driving high volumes. The ongoing Red

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US West Coast Imports Shifting North to Canadian Ports, New Analysis Reveals

A new report from Sea-Intelligence indicates a significant migration of US import cargo from West Coast ports to Canadian hubs like Vancouver and Prince Rupert. Shippers are strategically diverting freight to avoid potential labor disruptions and congestion that have plagued US ports. The analysis shows a tangible decline in

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Guernsey Airport to Undergo £12m Weekend Runway Resurfacing Project

Guernsey Airport is scheduled to begin a £12 million runway resurfacing project, with work planned for weekends between September 2024 and April 2025. The airport will be closed from Saturday afternoons until Monday mornings during this period to accommodate the construction. This essential maintenance is required as the current runway

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Ocean Freight Rates Hold Steady as Maersk's OOCL Stake Acquisition Faces Court Challenge

Container spot rates on the Ocean Express Network (OceanX) have remained largely stable, showing little change week-on-week. Meanwhile, Pacific International Lines (PIL) has demonstrated a significant financial turnaround, posting strong profits after a period of difficulty. In major corporate news, a Hong Kong court is currently reviewing Maersk&

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Critical Machine Shortage Delays New Airbus A320neo and Boeing 737 MAX Deliveries

A significant bottleneck is slowing down the delivery of new Airbus A320neo and Boeing 737 MAX aircraft worldwide. The delay is caused by a shortage of a highly specialized piece of equipment, the Carl Zeiss Accura Coordinate Measuring Machine (CMM). This machine is crucial for conducting precise quality inspections on

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Air France-KLM CEO Signals Potential Group Rebrand Amid Expansion

Air France-KLM Group CEO Ben Smith has indicated a potential name change for the holding company in the future. Smith described the current name as "a mouthful," suggesting it could become unwieldy with the integration of new carriers. This comes as the group finalizes its investment in

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Business Aviation Operators Advised to Plan for New Singapore Flight Requirements

Business aviation operators with flights planned to Singapore are being advised of revised pre-departure requirements. The Civil Aviation Authority of Singapore (CAAS) now mandates that a pre-departure flight plan be filed via the AFTN or AMHS network. This new filing is in addition to the standard flight plan

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Global Air Cargo Spot Rates Reach Three-Year High, But Relief Expected for Shippers

Global air cargo spot rates hit a three-year high in April, reaching an average of $2.58 per kg, a 9% increase from March. This surge was primarily driven by strong e-commerce demand and disruptions in ocean freight, particularly due to the Red Sea crisis diverting shipments to

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DSV Unveils Ambitious New Financial Targets at Capital Markets Day

Logistics giant DSV has announced ambitious new financial targets during its Capital Markets Day, signaling a strong focus on increased profitability. The company is now aiming for a group EBIT margin of 15%, with its critical Air & Sea division targeting 17%. This strategy relies on both organic growth and

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British Airways Cancels Dozens of Heathrow Flights After Major IT Failure

British Airways has cancelled dozens of flights from London's Heathrow Airport following a significant IT systems failure. The disruption on Wednesday impacted both short-haul and long-haul routes, with at least 80 flights grounded. The airline has apologized to customers for the disruption and is working to

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UK Logistics Leaders Warn Politicians Underestimate Sector's £163bn Economic Value

Leaders within the UK's logistics industry are sounding the alarm that politicians do not comprehend or appreciate the sector's immense value to the national economy. The industry, which contributes an estimated £163 billion in Gross Value Added, is often overlooked in governmental policy and planning. Key

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National Airlines Completes Test Flights for Second Boeing 777 Freighter

National Airlines has successfully completed the final test flights for its second Boeing 777 Freighter. The aircraft, registered as N703NA, underwent preparations at the carrier's facility in Victorville, California. This addition marks a significant step in the airline's fleet modernization and expansion strategy. Following the introduction

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DHL Express Enters Heavyweight Market with New 3,000 kg Global Service

DHL Express has officially launched a new global door-to-door service called DHL Express Worldwide, targeting heavyweight shipments. This service is designed to handle individual pieces weighing up to 3,000 kilograms, with even greater total shipment weights possible. The time-definite offering simplifies logistics for customers by providing

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Taiwan in Talks with Iran to Secure Safe Passage for Evergreen Ships in Gulf Region

Taiwan's government has reportedly initiated direct talks with Iran to ensure the safety of its flag-carrier's container ships. The discussions aim to secure safe passage for Evergreen vessels, which are currently avoiding the Red Sea due to Houthi rebel attacks. As a result, ships are

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IAG Reports Strong Q1 Earnings Driven by Passenger Demand, Offsetting Cargo Decline

International Airlines Group (IAG) has announced a powerful start to 2024, reporting a first-quarter operating profit of €68 million. This marks a significant increase from the €9 million profit recorded in the same period last year and represents the group's best Q1 result since 2019. The positive

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India Solidifies Role as Emerging Global E-Commerce and Air Cargo Hub

India is rapidly positioning itself as a central hub for global e-commerce fulfilment, driven by its booming domestic market and strategic location. Government initiatives like 'Make in India' and the National Logistics Policy are accelerating this transformation. The country's e-commerce sector is projected to

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Heathrow Airport Reports Busiest Day on Record

London's Heathrow Airport experienced its busiest day in history on Sunday, 23 June, with nearly 271,000 passengers passing through its terminals. This new milestone surpasses the previous record, which was set just a month prior in May. The airport is now bracing for what is expected to

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Brazil Reverses Policy, Will Allow Shipping Lines to Bid on Key Santos Port Terminal

The Brazilian government has announced a significant policy change for the upcoming tender of the Tecon10 container terminal at the Port of Santos. In a reversal of previous rules, major shipping lines will now be permitted to bid for and hold a majority stake in the terminal. This move is

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American Airlines to Discontinue Shortest International Route to Mexico

American Airlines has announced the discontinuation of its shortest international route, which connects Austin, Texas (AUS) with Cozumel, Mexico (CZM). The seasonal service, operated by American Eagle with Embraer E175 aircraft, was first launched in June 2021. The route spans 891 miles and is scheduled to operate its final flight

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British Airways Owner IAG Confirms Order for Six Airbus A321neo Jets for Aer Lingus

International Airlines Group (IAG), the parent company of British Airways, has placed a firm order for six new Airbus A321neo aircraft. These new jets are specifically for its Irish carrier, Aer Lingus. The deal converts previous options into a confirmed purchase, with deliveries scheduled for 2024 and 2025. The modern,

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UK's Largest Regional Airline, Loganair, Put Up For Sale Again

Loganair, the United Kingdom's largest regional airline, has been put on the market for the second time in 18 months. The current owners, brothers Stephen and Peter Bond, are seeking a new buyer to secure the long-term future of the Scottish carrier. This decision follows a previous

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FedEx Extends Life of 30-Year-Old MD-11 Freighter Fleet for Another Decade

FedEx has decided to continue operating its aging fleet of McDonnell Douglas MD-11 freighters, which have an average age of 30 years. The logistics giant plans to keep these aircraft in service for at least another decade. To support this strategy, the company is investing in modernizing the MD-